There are many reasons for Dxy, such as the negativities in other currencies, China and other countries selling bonds and buying gold to get rid of US hegemony, which keeps bond interest rates high, etc. If Dxy continues to stay here for a while, the global trade balance will start to deteriorate. Another factor is the fire in Los Angeles, which involuntarily affected this side. Technically, we are in troubled areas. If the 110 area is permanently exceeded (I hope we don't), Dxy may first want 114 and then 118. We need to go below 107 to relax. In the current conjuncture, Dxy being at these levels affects US stock markets, commodities and Bitcoin, while seriously weakening currencies. It is time to be cautious in anti-dollar currencies.
The negativities on the US side continue to affect the DAX side. The weak euro strong stock market logic continues. Technically, 20000 is the support position, corrections up to here are considered normal. The main support is at 19500, the zigzagging process continues on these two levels and will slowly continue its journey towards 22000.
The Russell 2000, which is the flash product of recent times, continues with high volatility. The index, which was rejected from its old peak of 2500, corrected to the 2200 level. In the short, 2100 and 2000 levels are support. If we are above these two levels, there will be another attempt at a 2500 move. As long as the medium-term target price expectation of 3000 - 3500 range remains above 2000, declines will continue to be purchases.
Although we started off well last week in Nasdaq, the Los Angeles fire, Dxy, bonds, Jolts data, non-farm employment, brought this place back to support levels. The intermediate support figure we will follow this week will be 20500, the main support is at 19500. I expect this week to be somewhat balanced. Although there will be a little selling on the first day, it will be a week in which I expect recovery. In order for the rise to continue where it left off, closings above 21300 are needed. As long as it stays above 19500, I maintain my target prices of 23000 and 25000.
The ounce of gold broke the 2660 level that fell briefly last week and closed above it and we closed the week at 2690. Technically, 2640 is in the intermediate support position, our determining figure is 2725, if we can permanently exceed it, first the old peak and then the 3000 level will come clear.
After reaching the 28.80 support level in the ounce of silver, a nice rise towards 30.70 came. There are 2 levels we will follow here; 31.20 - 32.50. After these two levels are exceeded, there will be no area that can stop the silver side. First, we will talk about the 38 - 40 range and then above $ 50.
We came to the lower band 4 times in Bitcoin and produced a reaction. If we come back, even if it breaks (86000), the price will quickly go up. I don't think the bull is over, we still have a lot of money to earn. The medium-term target price is between 150000 - 180000. As long as the 60 region is not exceeded in the BTC dominance chart, there is no problem. A break of 55 below will start a serious rise in altcoins.
Ethereum is the product that everyone curses. I can hear them saying that Ethereum must rise for altcoins to rise. There is no such obligation in the market anymore, yes Ethereum will rise but they continue to suppress. Binance is in a seller position, this also has a big effect, the reason is that they create liquidity for themselves with their own dynamics. Monetary expansion and similar are expected. Its name is not monetary expansion, the US is currently burning money (QT), monetary expansion (QE) you are just saying come and extend. Monetary expansion will not start before US interest rates fall and QT ends. However, with this latest Los Angeles incident and the Trump effect, stimulus packages will be announced. This will also positively affect the market. The medium-term target price is between 8000 and 10000.
Brent oil triggered the movement I expected with the non-farm payrolls data that came above expectations last week. I do not expect any additional inflation increases in the world right now. My gradual sell orders are being opened. My main target price expectation is $60.
We are still in dangerous places in terms of the EUR - USD chart and the decline continues. I had stated last week that there should be action. They did it on the first day and bought it all back. It will want 1 under 1.0250. It should be able to go above 1.05 for relief, its eyes are still looking at the ground. The movement in GBP - USD became even more intense after the 1.2480 support was broken. Staying below the 1.20 main support position is a danger sign. I cannot talk about positivity without going above 1.25.
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